Compare Today’s Refinance Rates for Amherst, Virginia 24521
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Amherst, Virginia 24521.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $1,097 over the lifetime of your mortgage, which translates to a monthly savings of $3 in Amherst and other areas of Amherst county. We analyze all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing, to provide you with the most suitable options for your financial situation.
Summary of Average Refinances in Amherst, Virginia 24521
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Interactive Refinance Rate Projections for Amherst, Virginia 24521
Pureloan has developed an interactive chart to monitor the five largest local lenders in Amherst, VA 24521, for refinancing and cash-out. The chart features historical rates, which are based on completed refinancings, and projections, which are based on proprietary modeling.
Historical Refinance Rates in Amherst, Virginia 24521 from 2024 - 2016
The following historical data provides insights into refinancing trends in Amherst, Virginia and the surrounding Amherst county, based on factors such as loan type, credit score, LTV, and other parameters. This data is derived from actual closed home refinancings.
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|
% 30 year fixed refinance | 92.59% | 55.21% | 51.53% | 54.12% | 57.94% | 64.29% | 52.00% | 56.67% | 56.34% |
avg refi rate | 6.64% | 3.89% | 2.99% | 3.24% | 4.39% | 4.65% | 4.21% | 3.90% | 4.08% |
% 15 year fixed refinance | 7.41% | 25.35% | 29.32% | 28.27% | 26.64% | 32.14% | 37.00% | 28.52% | 26.49% |
avg refi rate | 6.13% | 2.78% | 2.48% | 2.80% | 3.66% | 3.83% | 3.38% | 3.19% | 3.37% |
Avg credit score | 744.81 | 747.18 | 761.59 | 763.34 | 752.21 | 752.86 | 751.53 | 754.17 | 754.05 |
Avg LTV (loan to value) | 66.33% | 63.97% | 68.19% | 71.22% | 71.36% | 68.61% | 70.17% | 71.40% | 71.63% |
Avg DTI (debt to income) | 36.22 | 33.05 | 30.52 | 30.46 | 31.59 | 31.82 | 32.76 | 30.76 | 30.09 |
Avg refinance insurance % | 5.41% | 1.61% | 2.54% | 4.78% | 5.68% | 4.36% | 4.07% | 4.77% | 4.38% |
Best Refinance Brokers around Amherst, Virginia 24521
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Amherst, Virginia 24521, we have compiled a list of top refinance brokers to assist you in the process.
Douglas Jacobs
Loan Officer
101 N Bridge St
Bedford, VA 24521
(540) 586-8292
douglas.b.jacobs@wellsfargo.com
Jason Owens
Loan Officer
101 N Bridge St
Bedford, VA 24521
(540) 586-8292
jason.owens@wellsfargo.com
Regina Moskall
Loan Officer
101 N Bridge St
Bedford, VA 24521
(540) 586-8292
regina.moskall@wellsfargo.com
Leona Clinton
Loan Officer
227 Main St
Brookneal, VA 24521
(434) 376-2351
leona.c.clinton@wellsfargo.com
Shirley Falwell
Branch Manager
102 Annjo Ct
Forest, VA 24521
(434) 385-0700
sfalwell@cfmortgagecorp.com
Address
101 N Bridge St
Bedford, VA
Contact
(540) 586-8292
Fax (301) 639-0804
douglas.b.jacobs@wellsfargo.com
Address
101 N Bridge St
Bedford, VA
Contact
(540) 586-8292
Fax (301) 639-0804
jason.owens@wellsfargo.com
Address
101 N Bridge St
Bedford, VA
Contact
(540) 586-8292
Fax (301) 639-0804
regina.moskall@wellsfargo.com